Enexus: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Enexus
Largest movements
- Deferred charges and accrued income +€37,418
up €37,418 (+816.6%), from €4,582 to €42,000
- Tangible fixed assets -€26,756
down €26,756 (-40.2%), from €66,636 to €39,880
- Cash -€22,233
down €22,233 (-57.6%), from €38,594 to €16,362
mainly Deferred charges and accrued income (-€37,418) and Debts after one year (-€19,641)
- Debts after one year -€19,641
down €19,641 (-37.5%), from €52,337 to €32,696
- Other debts +€9,818
up €9,818, from €0 to €9,818
- Reserves -€9,105
down €9,105 (-27.7%), from €32,846 to €23,741
- Tax, wage and social debts +€7,611
up €7,611 (+49.2%), from €15,460 to €23,070
- Depreciation +€13,528
up €13,528 (+102.3%), from €13,228 to €26,756
- Other operating charges -€6,302
down €6,302 (-83.2%), from €7,573 to €1,272
- Gross operating margin -€3,817
down €3,817 (-9.2%), from €41,687 to €37,870
- Taxes -€885
down €885 (-11.1%), from €7,987 to €7,102
- Financial charges +€639
up €639 (+34.2%), from €1,867 to €2,506
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,536 | €112,039 | -€10,497 | -8.6% |
| Fixed assets | 21/28 | €67,002 | €40,246 | -€26,756 | -39.9% |
| Tangible fixed assets | 22/27 | €66,636 | €39,880 | -€26,756 | -40.2% |
| Furniture and vehicles | 24 | €66,636 | €39,880 | -€26,756 | -40.2% |
| Financial fixed assets | 28 | €366 | €366 | = | 0.0% |
| Current assets | 29/58 | €55,534 | €71,793 | +€16,259 | +29.3% |
| Amounts receivable within one year | 40/41 | €12,357 | €13,431 | +€1,074 | +8.7% |
| Trade receivables | 40 | €10,157 | €13,431 | +€3,274 | +32.2% |
| Other amounts receivable | 41 | €2,200 | €0 | -€2,200 | -100.0% |
| Cash at bank and in hand | 54/58 | €38,594 | €16,362 | -€22,233 | -57.6% |
| Deferred charges and accrued income | 490/1 | €4,582 | €42,000 | +€37,418 | +816.6% |
| Total equity and liabilities | 10/49 | €122,536 | €112,039 | -€10,497 | -8.6% |
| Equity | 10/15 | €35,846 | €26,741 | -€9,105 | -25.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,846 | €23,741 | -€9,105 | -27.7% |
| Distributable reserves | 133 | €32,846 | €23,741 | -€9,105 | -27.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,691 | €85,298 | -€1,392 | -1.6% |
| Amounts payable after more than one year | 17 | €52,337 | €32,696 | -€19,641 | -37.5% |
| Financial debts | 170/4 | €52,337 | €32,696 | -€19,641 | -37.5% |
| Amounts payable within one year | 42/48 | €34,354 | €52,602 | +€18,248 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €18,894 | €19,641 | +€746 | +4.0% |
| Trade debts | 44 | €0 | €73 | +€73 | |
| Suppliers | 440/4 | €0 | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €15,460 | €23,070 | +€7,611 | +49.2% |
| Taxes | 450/3 | €15,460 | €23,070 | +€7,611 | +49.2% |
| Other amounts payable | 47/48 | €0 | €9,818 | +€9,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,228 | €26,756 | +€13,528 | +102.3% |
| Other operating charges | 640/8 | €7,573 | €1,272 | -€6,302 | -83.2% |
| Gross operating margin | 9900 | €41,687 | €37,870 | -€3,817 | -9.2% |
| Operating profit (loss) | 9901 | €20,885 | €9,842 | -€11,043 | -52.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,867 | €2,506 | +€639 | +34.2% |
| Recurring financial charges | 65 | €1,867 | €2,506 | +€639 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €19,019 | €7,336 | -€11,682 | -61.4% |
| Income taxes | 67/77 | €7,987 | €7,102 | -€885 | -11.1% |
| Profit (loss) for the period | 9904 | €11,031 | €234 | -€10,797 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,031 | €234 | -€10,797 | -97.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.